Financials Mercedes-Benz Group AG

Equities

MBG

DE0007100000

Auto & Truck Manufacturers

Market Closed - Xetra 16:37:39 14/06/2024 BST 5-day change 1st Jan Change
63.2 EUR -0.71% Intraday chart for Mercedes-Benz Group AG -2.93% +1.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 52,818 61,826 72,310 65,688 65,111 63,310 - -
Enterprise Value (EV) 1 41,821 43,971 51,305 39,051 33,452 31,030 28,786 26,284
P/E ratio 22.2 x 17 x 3.14 x 4.53 x 4.65 x 5.43 x 5.27 x 4.8 x
Yield 1.82% 2.34% 7.4% 8.47% 8.47% 7.78% 7.89% 8.29%
Capitalization / Revenue 0.31 x 0.4 x 0.43 x 0.44 x 0.42 x 0.42 x 0.41 x 0.39 x
EV / Revenue 0.24 x 0.28 x 0.31 x 0.26 x 0.22 x 0.2 x 0.18 x 0.16 x
EV / EBITDA 3.46 x 2.83 x 1.42 x 1.45 x 1.27 x 1.34 x 1.2 x 1.09 x
EV / FCF 30.6 x 5.32 x 5.96 x 4.8 x 5.35 x 3.19 x 3.51 x 2.83 x
FCF Yield 3.27% 18.8% 16.8% 20.8% 18.7% 31.3% 28.5% 35.3%
Price to Book 0.86 x 1.02 x 1 x 0.77 x 0.72 x 0.69 x 0.64 x 0.58 x
Nbr of stocks (in thousands) 1,069,837 1,069,837 1,069,837 1,069,837 1,040,937 1,001,738 - -
Reference price 2 49.37 57.79 67.59 61.40 62.55 63.20 63.20 63.20
Announcement Date 11/02/20 18/02/21 24/02/22 17/02/23 22/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 172,745 154,309 167,971 150,017 153,218 152,470 156,210 160,283
EBITDA 1 12,080 15,560 36,049 26,979 26,323 23,226 23,938 24,077
EBIT 1 4,329 6,603 29,069 20,458 19,660 16,680 16,780 18,137
Operating Margin 2.51% 4.28% 17.31% 13.64% 12.83% 10.94% 10.74% 11.32%
Earnings before Tax (EBT) 1 3,830 6,339 28,775 20,304 20,084 16,974 17,063 18,043
Net income 1 2,377 3,600 23,006 14,501 14,261 12,028 12,078 12,997
Net margin 1.38% 2.33% 13.7% 9.67% 9.31% 7.89% 7.73% 8.11%
EPS 2 2.220 3.390 21.50 13.55 13.46 11.65 11.99 13.17
Free Cash Flow 1 1,368 8,259 8,606 8,128 6,257 9,725 8,200 9,288
FCF margin 0.79% 5.35% 5.12% 5.42% 4.08% 6.38% 5.25% 5.79%
FCF Conversion (EBITDA) 11.32% 53.08% 23.87% 30.13% 23.77% 41.87% 34.26% 38.58%
FCF Conversion (Net income) 57.55% 229.42% 37.41% 56.05% 43.87% 80.85% 67.89% 71.46%
Dividend per Share 2 0.9000 1.350 5.000 5.200 5.300 4.917 4.986 5.239
Announcement Date 11/02/20 18/02/21 24/02/22 17/02/23 22/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2
Net sales 1 84,499 43,389 34,858 36,440 71,298 37,716 41,003 37,516 38,241 75,757 37,200 40,261 35,873 37,469 72,900 38,179 40,331 80,850 - -
EBITDA - 16,156 6,840 6,237 - 6,884 - - - - - - - - - - - - - -
EBIT 1 10,933 14,557 5,229 4,622 9,851 5,196 5,411 5,504 4,988 10,492 4,842 4,326 3,863 4,129 7,533 4,419 4,654 9,059 - -
Operating Margin 12.94% 33.55% 15% 12.68% 13.82% 13.78% 13.2% 14.67% 13.04% 13.85% 13.02% 10.74% 10.77% 11.02% 10.33% 11.57% 11.54% 11.2% - -
Earnings before Tax (EBT) - 14,463 5,187 4,549 - 5,166 - 5,569 5,085 10,654 4,980 - 4,029 - - - - - - -
Net income 1 - 12,648 3,586 3,198 - 3,923 3,981 4,011 3,641 7,652 3,636 3,117 2,974 2,973 - 3,290 3,267 - - -
Net margin - 29.15% 10.29% 8.78% - 10.4% 9.71% 10.69% 9.52% 10.1% 9.77% 7.74% 8.29% 7.93% - 8.62% 8.1% - - -
EPS 2 - 11.82 3.260 2.910 6.170 3.660 3.720 3.690 3.340 - 3.440 2.990 2.860 2.779 - 3.076 3.054 - - -
Dividend per Share 2 - - - - - - - - - - - - - - - - 5.400 - - -
Announcement Date 21/07/21 24/02/22 27/04/22 27/07/22 27/07/22 26/10/22 17/02/23 28/04/23 26/07/23 26/07/23 26/10/23 22/02/24 30/04/24 - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 10,997 17,855 21,005 26,637 31,659 32,279 34,524 37,026
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,368 8,259 8,606 8,128 6,257 9,725 8,200 9,288
ROE (net income / shareholders' equity) 15.3% 9.8% 22.3% 18.4% 16.1% 12.7% 11.7% 11.6%
ROA (Net income/ Total Assets) 0.81% 1.67% 4.83% 5.58% 5.45% 6.69% 6.31% 7.91%
Assets 1 292,015 215,365 476,630 259,921 261,516 179,785 191,332 164,296
Book Value Per Share 2 57.30 56.70 67.30 79.80 86.60 91.70 99.40 109.0
Cash Flow per Share 2 12.10 20.90 22.90 15.80 13.70 17.90 18.00 19.90
Capex 1 10,406 5,741 7,320 7,763 8,213 8,881 9,269 9,309
Capex / Sales 6.02% 3.72% 4.36% 5.17% 5.36% 5.82% 5.93% 5.81%
Announcement Date 11/02/20 18/02/21 24/02/22 17/02/23 22/02/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
63.2 EUR
Average target price
87.5 EUR
Spread / Average Target
+38.45%
Consensus
  1. Stock Market
  2. Equities
  3. MBG Stock
  4. Financials Mercedes-Benz Group AG
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